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Regional Economy Continues Slow Growth

Posted on October 2, 2013 by Jerry Oster

The monthly Mid-America Business Conditions Index, a leading economic indicator for our nine-state region, rose for a second straight month. Surveys over the last several months point to positive, but slow growth for the final quarter of 2013. TheBusiness Conditions Index, which ranges between 0 and 100, increased to 54.8 from 53.8 in August.

Dr.Ernie Goss director of Creighton University’s Economic Forecasting Group says at least the index is positive…

After moving below growth neutral for January, the region’s employment gauge has remained above 50.0 for the past eight months. The September reading declined to a 51.8 from 52.8 in August. Goss says a lot of that revolves round federal health care reform. The September business confidence index, fell to 51.8 from Augusts 53.9. Goss says that was mostly due to the budget uncertainty coming from Washington…